Travel and Leisure Travel and Leisure
Mon, May 5, 2025
[ Today @ 01:08 PM ] - CNET
Keep These 7 Foods Off Your Grill
Sun, May 4, 2025
[ Yesterday Afternoon ] - Chowhound
16 Classy Cocktails Featuring Wine
[ Yesterday Morning ] - dw
Media Safety - Theory of Change
Sat, May 3, 2025

Shell is studying merits of BP deal as rival's stock slumps


Published on 2025-05-03 19:26:31 - Fortune
  Print publication without navigation

  • The companies were once close rivals
  • with a similar size, reach and global clout
  • but their paths have diverged in recent years.

The article from Fortune discusses the potential for major oil companies like Shell and BP to become acquisition targets due to their slumping stock prices amid low crude oil prices. The piece highlights how the current market conditions, exacerbated by the global economic impact of the COVID-19 pandemic, have led to a significant drop in oil demand and prices, putting pressure on these companies' financial performance. It notes that Shell and BP, in particular, have seen their market values decrease substantially, making them vulnerable to takeovers. The article also mentions that while no specific deals are imminent, industry analysts suggest that the situation could lead to consolidation within the sector as larger or more financially stable companies might see an opportunity to acquire undervalued assets.

Read the Full Fortune Article at:
[ https://fortune.com/article/oil-majors-shell-bp-potential-acquisition-deal-stock-slump-crude-prices/ ]